Limited service hotels. Huge exposure to Grand Prairie Alberta, a gas town. If you expect gas to recover, this is a name that will benefit. Need more drilling activity and drilling crews staying at their hotels. Quite a bit of debt outstanding that needs refinancing. If a long-term investor and comfortable owning small caps, you'll make some money going forward. Better names available.

Limited service hotels. Huge exposure to Grand Prairie Alberta, a gas town. If you expect gas to recover, this is a name that will benefit. Need more drilling activity and drilling crews staying at their hotels. Quite a bit of debt outstanding that needs refinancing. If a long-term investor and comfortable owning small caps, you'll make some money going forward. Better names available.

A bit sceptical about hospitality, tourism, etc. type of REITs. Focused in Western Canada. Occupancy has dropped and payout ratios are out of whack a little bit. One good way to play this is through the convertibles.

A bit sceptical about hospitality, tourism, etc. type of REITs. Focused in Western Canada. Occupancy has dropped and payout ratios are out of whack a little bit. One good way to play this is through the convertibles.

Limited service hotels, primarily Western Canada. Overpaid for a large portfolio of assets in Grand Prairie. Good management. Will not qualify as a REIT under government rules. However are only taxed on taxable income, which is nil and they won't be taxed under new legislation.

Limited service hotels, primarily Western Canada. Overpaid for a large portfolio of assets in Grand Prairie. Good management. Will not qualify as a REIT under government rules. However are only taxed on taxable income, which is nil and they won't be taxed under new legislation.

Limited service hotels primarily in Western Canada. Big exposure to natural gas areas so occupancy is down. Cut distributions and it is now at a level where they can pay distributions, pay the amortization on debt and fund their CapX internally. Sustainable at these levels. Lodging and seniors housing REITs will cease to be REITs by the end of 2010. The company should survive.

Limited service hotels primarily in Western Canada. Big exposure to natural gas areas so occupancy is down. Cut distributions and it is now at a level where they can pay distributions, pay the amortization on debt and fund their CapX internally. Sustainable at these levels. Lodging and seniors housing REITs will cease to be REITs by the end of 2010. The company should survive.

Limited service hotels in Western Canada. Huge exposure to Grand Prairie giving you a huge exposure to natural gas pricing. Average daily rate has gone up each quarter. If you are bullish on gas prices, this is a great entry point. Have a lot of cash on the balance sheet.

Limited service hotels in Western Canada. Huge exposure to Grand Prairie giving you a huge exposure to natural gas pricing. Average daily rate has gone up each quarter. If you are bullish on gas prices, this is a great entry point. Have a lot of cash on the balance sheet.

Limited service hotels in Western Canada. Highly exposed to gas drilling so if you are bullish on gas prices this company will be a prime recipient. Stock is about a year behind where it belongs. Over distributing. Should have 100% payout ratio in a year. 16% yield.

Limited service hotels in Western Canada. Highly exposed to gas drilling so if you are bullish on gas prices this company will be a prime recipient. Stock is about a year behind where it belongs. Over distributing. Should have 100% payout ratio in a year. 16% yield.

60% of hotels in Alberta. 20% in gas areas. Got hurt badly with the implosion of drilling. Drilling has picked up but is volume anywhere close to what it was? Gas locations may remain slow because of a lack of rigs. The rest of their areas are doing well.

60% of hotels in Alberta. 20% in gas areas. Got hurt badly with the implosion of drilling. Drilling has picked up but is volume anywhere close to what it was? Gas locations may remain slow because of a lack of rigs. The rest of their areas are doing well.

The question with this group is the Palmeroy portfolio that they bought. Paid above replacement costs and renovations haven't borne out as they thought they would. Management is internalizing that portfolio now. Looking for better results of this portfolio in Q2 and Q3.

The question with this group is the Palmeroy portfolio that they bought. Paid above replacement costs and renovations haven't borne out as they thought they would. Management is internalizing that portfolio now. Looking for better results of this portfolio in Q2 and Q3.

Comments

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